Yesterday morning, Wall Street Journal announced founder Richard Schulze offered to take Best Buy private in a deal valued at $8.8 billion. Schulze is the largest shareholder, and he would acquire all the remaining stocks.

Analysts’ reaction to the bid to buy Best Buy from company’s former chairman was this: Not going to happen. bit.ly/P2903X

U.S.News & World Report chief business corespondent Rick Newman says “some on Wall Street think Schulze is bluffing, with his offer reflecting a sense of desperation over how to right the struggling retailer.”

Best Buy: Founder Richard Schulze Helped Ruin The Company bit.ly/RWCL31